Federal Debt

Republicans are responsible for $21 Trillion
of the $22 Trillion of Total Debt.

Fed Debt is ~ $94,000 per person regardless of age

Each American's share of the Total Debt, regardless of age, is ~ $94,000.

Total Debt: $23 Trillion

US Pop: 329,281,237

 

Why is the Fed Debt so Important

Fed Debt restricts the Governments ability to provide essential Social Services; such as Healthcare, Education, Jobs, Infrastructure, just to name a few.

The Fed Debt is primeraly due to Wars, Military Spending, and Tax Breaks for the Rich.

Republicans are responsible for $22 Trillion of the $23 Trillion of Total Debt

When Carter left office; the Total Debt was only $800 Billion,
and that was inclusive of all previous administrations.

When Reagan left office; the Total Debt was $5 Trillion.  Reagan added over $4 Trillion;
primarily due to him funding Star Wars, building up the military, and Tax Breaks for the rich.

When Bush Sr left office; the Total Debt was $7 Trillion.  Bush Sr added $2 Trillion, primarily due to his War in Iraq.

When Clinton left office; the Total Debt was still $7 Trillion.  Clinton did NOT add to the Total Debt.

When Bush Jr left office; the Total Debt was $11.5 Trillion.  Bush Jr. added $4.5 Trillion in Total Debt,
plus an additional estimated $5 Trillion in health cost for the troops coming back from his wars in Afghanistan & Iraq.

So after Bush Jr left off the Total Est Debt was $16.5 Trillion.

Bush Jr added an Est $9.5 Trillion to the Total Debt, primarily due to his war in Iraq & Afghanistan.

And we are still in Afghanistan & Iraq, so I believe the continued debt from these wars fall on Bush Jr.

At the end of 2016; the Total Debt was $22 Trillion, so I estimate the cost of Bush's Wars to date is ~$15 Trillion.

Since Obama inherited Bush's Wars in Iraq & Afghanistan, I believe the Total Debt from the Wars falls on Bush.

Trump's Tax Cuts for Corporations and the upper 33% has only increased the Total Debt to ~$23 Trillion.

And under Trump the Total Debt is only expected to sky rocket.

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